Youdao Inc reports results for the quarter ended in March - Earnings Summary

Youdao

23/05/2024 19:16

* Youdao Inc  DAO.N  reported quarterly adjusted earnings of
17
fen​​ per share for the quarter ended in March, higher than the
same quarter last year, when the company reported EPS of
$-1.59.  The lone analyst forecast for the quarter was for a
loss of 83 fen per share. 
    * Revenue rose 19.7% to $1.39 billion from a year ago;
analysts
expected CNY1.33 billion. 
    * The company reported quarterly net income of $12.43
million.
    * Youdao Inc shares had fallen by 9.7% this quarter and
lost 7.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Youdao Inc is
$6.20 
This summary was machine generated from LSEG data May 23 at
06:16 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.83          0.17           Beat
 Dec. 31 2023      0.31           0.58           Beat
 Sep. 30 2023      -0.87          -0.55          Beat
 Jun. 30 2023      -2.67          -2.32          Beat